£100 million investment in Portsmouth Naval Base confirmed

Ensuring a better and more secure future for Britain means equipping our Royal Navy for the challenges of the 21st century. Chancellor of the Exchequer, George Osborne MP Today, the Royal Navy is being modernised with new equipment, ships and submarines; it is building two of the second largest new aircraft carriers in the world, which will operate the most sophisticated fighter aircraft ever produced. It will receive the world leading new Type 26 frigate. Two Astute Class submarines, the most advanced nuclear submarines in the world, have already deployed on operations and the UK is working to deliver a further five of the class over the next decade. Combined with the Type 45 Destroyer and four modern tankers to support the fleet at sea, as well as the forthcoming renewal of Trident, this means the Royal Navy of today is being equipped for the challenges of the 21st centu...